Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)

v3.21.2
LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
9 Months Ended
May 31, 2021
LONG-TERM OBLIGATIONS AND OPERATING LEASE [Abstract]  
ROU Lease Assets and Lease Liabilities

ROU lease assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows:

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As of May 31, 2021

 

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As of August 31, 2020

 

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(In thousands)

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Operating leases - right of use assets

    

$

141

    

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$

196

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Accrued liabilities

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$

82

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$

74

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Lease obligations - operating leases, net of current portion

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58

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120

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Total lease liability

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$

140

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$

194

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Weighted average remaining lease term (in years)

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1.7

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2.4

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Weighted average discount rate

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6

%

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6

%